Chapter_20 - YourResultsfor:"SelfStudyQuiz" SiteTitle:

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Your Results for: "Self-Study Quiz" Print this page Site Title: Principles of Economics, Eighth Edition Book Title: Principles of Economics, 8/e Book Author: Case/Fair Location on  Site: Chapter 20 > Self-Study Quiz Date/Time  Submitted: February 8, 2012 at 7:21 AM  (UTC/GMT) Summary of Results 25% Correct  of 40 Scored items: 10 Correct:  25% 30 Incorrect:  75% 4 questions not scored. 40 scored questions. More information about scoring 1. Which of the following is part of an  ideal economy? Your Answer: Rapid growth of output per worker Correct Answer: All of the above.   Incorrect. This answer is correct, however, other choices are also correct. 2. In this chapter, which of the  following are considered short-run  issues? Your Answer: The rate of growth of output. Correct Answer: Inflation and unemployment.   Incorrect. The rate of growth of output and output per worker are long-run issues, while  the unemployment and inflation are short-run issues. 3. Per-capita output will not grow if:
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Your Answer:   Correct. Output growth is the growth rate of the output of the entire economy. Per-capita  output is the growth rate of output per person in the economy. If the population of a  country is growing at the same rate as output, then per-capita output is not growing:  Output growth is simply keeping up with population growth. 4. Which of the following is also known  as  productivity ? Your Answer: Per-capita output growth. Correct Answer: Output per worker.   Incorrect. Per-capita output growth is the growth rate of output per person in the economy. 5. All of the following will increase per  capita output, except one. Which  one? Your Answer: The fraction of the population that and productivity increases. Correct Answer: The fraction of the population that increases proportionally.   Incorrect. This causes an increase in per capita output. 6. How can output increase in the  economy? Your Answer: By increasing the skills of workers Correct Answer: All of the above.
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  Incorrect. This answer is correct, however, other choices are also correct. 7. The two features immediately clear  when you examine the trend in  productivity in the United States over  the past fifty years are: Your Answer:   Correct. Two features are immediately clear from the trend in productivity. First, the trend  is an upward trend, and second, there are fairly sizable short-run fluctuations around the  trend. 8.
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This note was uploaded on 02/09/2012 for the course ECONOMY 101 taught by Professor Zaier during the Spring '11 term at Qatar University.

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Chapter_20 - YourResultsfor:"SelfStudyQuiz" SiteTitle:

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